Location: Burlington-South Burlington, VT | Metro: Burlington-South Burlington, VT MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,350 |
| 1 Bedroom | $1,490 |
| 2 Bedrooms | $1,930 |
| 3 Bedrooms | $2,480 |
| 4 Bedrooms | $2,550 |
| 5 Bedrooms | $2,958 |
| 6 Bedrooms | $3,313 |
| 7 Bedrooms | $3,578 |
| 8 Bedrooms | $3,757 |
U.S. Census Bureau data (2024)
ZIP Code 05447, located in Vermont, presents an interesting market for landlords and small-portfolio investors. Based on the available data, we can classify this area on two key axes: yield and stability.
Yield: The Federal Market Rent (FMR) for 2024 in ZIP 05447 is set at $1460, while the median market rent stands at $985. This indicates a potential for higher rental yields when compared to typical market rates. However, it is important to note that the median home value is listed as N/A, which could suggest limited data on home values or a low volume of home sales in the area. The discrepancy between FMR and market rent suggests that landlords could potentially charge above-market rents, but they should be cautious to ensure their pricing remains competitive and reasonable.
Stability: With 66.2% of the population being renters, there is a substantial demand for rental properties. Unfortunately, the days on market (DOM) and median income figures are not available, making it difficult to fully assess the stability of the rental market. However, the high percentage of renters does provide some assurance of consistent demand for rental properties.
Considering these factors, ZIP 05447 appears to lean towards a high-yield market due to the significant gap between the FMR and the median market rent. The lack of data on home values and income levels, however, introduces uncertainty regarding long-term stability. Therefore, this area might be best suited for investors who are willing to accept a bit of risk for the potential of higher returns. It is not a traditional steady-cashflow zone, given the incomplete data on stability indicators such as income levels and DOM, but the strong rental demand suggests that it could offer solid performance for those prepared to navigate the uncertainties.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.